I booked Huge loss
Yesterday was the worst day in my entire cryptocurrency experience because I booked a huge loss of $115 which badly affects my wallet. As we see that Bitcoin is taking a continuous pump making another all time high.
When the price of Bitcoin was at around 77,000, I thought it will be a good time to short because it will surely reach its previous support that is its previous all time high.
I opened a trade of around $4000 with future grid strategy and open a short position and thought to close at 69,000.
My liquidation was at around $4,000.
As soon I opened this trade, I noticed that Bitcoin continuously pumped and reaches the level of 80,800.
I thought that I must close this trade because Bitcoin is continuously pumping, which means any big institution is continuously buying.
I booked my loss of $115 at around 79,700.
This is good that I booked earlier and we see that price of Bitcoin reaching the level of 81,500 and if I had hold till now I must suffer with another huge loss.
This is really my bad experience in crypto trading with Bitcoin trading and unfortunately it ends with a huge loss.
That is why this market is always unpredictable and it can go either side.
Therefore the spot investment remains the safest one.
THANK YOU!
